IT Index is trading at 33,880.85 and is currently exhibiting a range-bound pattern on the charts. The defined range for this index lies between 34,300 and 32,700
Chart check on May 27: LTIMindtree and Tata Technologies are the other two stocks seen trading above the higher-end of the Bollinger Bands on the daily scale on Monday.
May F&O expiry strategy: In general, stocks with high Open Interest based Put Call Ratio (PCR) tend to trade with a positive bias or find strong support in case of dips.
Over the past few months, Infosys' stock has been consolidating within a narrow trading range, approximately between Rs 1,400 and Rs 1,450
All you need to know before the market opens on Friday: Dow Jones tumbled 1.5 per cent last night as fears of delayed Fed rate cut resurfaced; Asian markets down around 1 per cent.
Stock Price has broken out from downward sloping trend line on the weekly chart. Stock has surpassed the previous swing high resistance
The Nifty PSU Bank Index, currently at 7,264.75, exhibits a bullish trend on the charts. However, it is approaching a significant resistance range between 7,265 and 7,365
The Nifty Mid Select Index, currently at 11,336.85, displays a bullish trend on the charts. However, it is approaching a stiff resistance level around 11,450
Long build-up is seen in the NIFTY Futures, where open interest rose by 2 per cent (Prov) with NIFTY rising by 0.92 per cent
Any significant upside in Crude Oil can only be sustained by strong demand side fundamentals from the US and China, says Mohammed Imran, research analyst at Sharekhan BNP Paribas.
There is a bullish butterfly pattern seen on hourly scale so based on these signals, we advise investors / traders to "go long" in Indian Hotels Company within the price range of Rs 545-555 per share
Federal bank has been in a medium-term uptrend. The recent pullback towards the zone of Rs 154 - 156 was brought into and the stock has been witnessing buying interest from that crucial support zone
Earlier on April 19, 2024, the Nifty 50 had tested the 100-DMA support, and then staged a smart rally of 4.7 per cent, or 1,017 points, to hit the new peak of 22,794.70
All you need to know before the market opens on Thursday, May 09: Stock specific action likely to dominate trading sentiment today. Check key levels for the Nifty and Bank Nifty by market experts here
The Nifty Auto Index, currently priced at 22,458.65, is exhibiting a downward trend in the near term as per the charts
Technical outlook on FMCG stocks: Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products.
Copper futures topped the $10,000-mark for the first time in 2 years, Aluminium futures quoted at 2-year highs earlier this month; here are the key levels to watch out.
According to Ravi Nathani, an independent technical analyst, the best trading strategy for Nifty Auto and the Nifty Energy indices seem to be 'sell on rise'.
Stock market preview Thursday, April 25: Global mood turns bitter as Nasdaq futures fall post Meta guidance; HUL, Axis Bank and Indian Hotels to react to Q4 numbers on Dalal Street.
According to Ravi Nathani, an independent technical analyst, the Nifty Bank index is expected to face stiff resistance in the 48,500 - 48,900 range.